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February 21, 2017

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Jonathan_Warren

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Dec. 9, 2010

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Las Vegas will welcome Broadway's Barbara and Ronald Sickmen, producers of the new musical "Liberace: I'll Be Seeing You," along with co-composer Johnny Rodgers, at Fabulous Las Vegas: A Night of Showmanship, benefiting the Liberace Foundation for the Creative and Performing arts, on October 11, 2012. The event will take place at Thriller Villa, the former Las Vegas residence of Michael Jackson, and is hosted by the Consulate of the Principality of Monaco and the Consulate of the Republic of Poland.

(Suggest removal) 9/8/12 at 8:48 a.m.

Aways looking forward to Mr. Santucci's next chapter. Thanks for your ongoing support, Nico.
http://wp.me/pA4sV-4l

Jonathan Warren
http://www.consulofmonaco.com

(Suggest removal) 3/14/11 at 12:16 a.m.

There is absolutely no tax benefit for an American citizen to have a Monaco second citizenship, just as there is no tax benefit for a Frenchman to have a Monaco second citizenship. Monaco agreed to this by treaty years ago to avoid attracting tax cheats.

Americans can have dual citizenship. The US doesn't recognize the second citezenship in most cases, but the second country does. This only gives you the option of staying longer in that country, banking there, opening companies, being a shareholder, owning property like a local, etc. But there is no tax advantage for an American doing this anywhere in the world, and especially not in Monaco which specifically forbids it in its very close relationship with the US.

Monaco does not offer "honorary" citizenship, as some have inquired, and they only allow new citizens on a case-by-case basis. The Sovereign himself approves every single new Citizen. That is why there are only about 7,500 of them.

If you are a citizen of a country OTHER than France or the USA, there are often extraordinary tax advantages to becoming a Monaco citizen INSTEAD of a citizen of your home country. These are the cases we hear of, in which entertainers and athletes have become Monaco citizens or residents, and renounced their prior citizenship legally. Monaco imposes no personal income tax on its citizens or residents, and no corporate income tax on certain kinds of companies organized in the Principality.

There ARE distinct advantages to having Monaco citizenship even for US citizens or French citizens partnering with foreign investors who themselves have Monaco citizenship. Your ability to own certain kinds of Monaco privileged shares may require citizeship, and your partners, because of THEIR tax status in Monaco, may require that the company be based there. If you want the investors, you might have to dance on their dancefloor. This is especially true if the firm is to hold a privileged license (such as gaming) in a third country.

Although I have no direct knowledge of this transaction personally, my opinion is that what we are seeing here is most likely a well thought-out corporate structure allowing disparate investors to come together in the most advantageous way possible for all parties, while getting the job done of funding the company or project in question.

(Suggest removal) 12/27/10 at 11:33 p.m.

Nothing is more promising for Las Vegas then when the national or inernational press and pundits say "it's over" for the city. When articles, newscasts and speeches told that story again recently (for at least the tenth time in my life), other long-time Vegas locals and I were filled with glee.

She is a saucey, fickle minx, this home town of mine. Recently, she may have been seen with smeared makeup, last night's cocktail dress inappropriate as she made her way to the valet across the vacant, late morning casino floor.

But put her in a box, and she will reinvent herself just to spite you. knock her down, or abuse her and you find yourself cornered by her powerful friends. Shun her, run away to the other side of the world, or just the other side of the Rockies, and she will haunt your memories, always luring you back.

Every year a new raft of authors, columnists and politicians dons a 'Las Vegas Expert' title as easily as a cereal-box PhD, and hopes their pulp will rise to the shelf next to John L. Smith. They like to re-write history and predict another doomsday, as scantily researched as the 'hot girls to you' are dressed.

I'm reminded of the line in the film Casino: "You still don't get it do you? You're all just visitors here."

Banks, scions of business, politicians, celebrities, journalists. Many of us were here when you got here. We were here when you left this time. We'll be here when you return.

(Suggest removal) 12/9/10 at 1:34 p.m.

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